Posted on Wednesday 3 September 2014 by Ulster Business
Pictured are Minister Arlene Foster and Magellan Vice President for Business Development in Europe, Haydn Martin. Picture: Michael Cooper
A Canadian aerospace company has bolstered its operation in Northern Ireland with 47 new advanced manufacturing jobs only two years after taking over the business.
Magellan Aerospace said the additional posts are part of a £6m expansion which includes building a new specialised assembly plant and new machining technology to meet growing demand from across the globe.
The Greyabbey business was originally John Huddleston Engineering before being bought by Magellan, which had been a customer, in 2012 for an undisclosed sum.
It supplies products and services to leading aerospace customers including Airbus, Boeing, Bombardier, GKN and Spirit AeroSystems.
Haydn Martin, Magellan’s Vice President Business Development Europe, said the deal puts the County Down plant on the company’s map.
“With the acquisition of John Huddleston Engineering, Magellan strengthened its core manufacturing capabilities and expanded its European operations. This investment takes the Greyabbey plant to the next level and will enable us to support growth in our key customer programmes.”
Of the total £5,950,000 investment, Invest NI has offered £700,000 support.
Enterprise minister Arlene Foster welcomed the news.
“The new advanced manufacturing jobs will contribute additional salaries into the local economy as well as introducing new manufacturing skills into Northern Ireland.
“In February we launched the Northern Ireland Partnering for Growth aerospace strategy, which outlines plans to more than double revenues from the aerospace, defence, security and space sectors here to over £2billion per year over the next 10 years. Investments such as this one by Magellan represent a step forward towards reaching that goal.”